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This Bibliography Lists 724 Books and Articles Dealing with the Economics of Education

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This Bibliography Lists 724 Books and Articles Dealing with the Economics of Education DOCUMF.NT R R SUMP: ED 024 108 EA 001 673 By-Deitch. Kenneth M.. Comp.: McLoone. Eugene P.. Comp. The Economics of American Education: A Bibliography. Including Selected Major References for Other Nations. Phi Delta Kappa. Bloomington. Ind. Spons Agency-Office of Education (OKA Washington. D.C. Pub Date 66 Note- 69p. EDRS Price MF-$0.50 HC-$3.55 Descriptors-*Bibliographies. Cost Effectiveness. Economic Development, Educational Benefits. Educational Demand, *Educational Economics. Educational Finance, Fellowships. Government Role. Higher Education. Human Capital. Instructional Technology. Manpower Needs, *Public Schools, Salaries, Social Factors. Textbooks This bibliography lists 724 books and articles dealing with the economics of education. With a few exceptions. the listings begin with 1950 and the majority have been published since 1960. Areas covered include (1) theory of human capital. (2) textbooks. (3) collected readings. (4) the political economy of education and broad social concerns. (5) consuming the product:price.enrollment. and demand for education. (6) produce) educational services: salaries, relationships between quality and costs and techn, / in instruction.(7) finance: role of government, financing primary and secondary tools. financing higher education. and fellowships and loans to students. (8) measurir- the supply and demand for specialized manpower. (9) the roleof educationalirss...tutions,government,and privateindustryintraining specialized manpower. ;i0) the payoff to investment in education: individual returns and social returns. Bibliographies and articles reviewing important portions of the literature are included. Highly technical material, collections of data. and articles on the methodology of collecting data are excluded. (TT) J. "c, The Economics of American w Education: A Bibliography Including Selected Major References for Other Nations Compikd by KENNETH M. DEITCH EUGENE P. MCLOONE With the assistance of Jill Brotman, Brookes Byrd, and Judith Mazo Published by Pm DELTA KAPPA, INC. The Economics of American Educadon: A Bibliography Including Selected Major References for Other Nations U.S. DEPARTMENT OF HEALTH, EDUCATION & WELFARE OFFICE OF EDUCATION THIS DOCUMENT HA; BEEN REPRODUCED EXACTLY AS RECEIVED FROM THE PERSON OR OR6ANI1TION ORIGINATING IT.POINTS OF VIEW OR OPINIONS STATED DO NOT NECESSARILY REPRESENT OFFICIAL OFFICE OF EDUCATION POSITION OR POLICY. Compiled by KENNETH M. DEITCH Harvard University EUGENE P. MCLOONE The George Washington University With the assistance of JILL BROTMAN, BROOKES BYRD, and JUDITH MAZO A project of the Phi Delta Kappa Commission on Education, Manpower, and Economic Growth, prepared with financial assistance from the U. S. Office of Education under Public Law 88-210, Section 4-6. Published by PHI DELTA KAPPA, INC. Eighth and Union Bloomington, Indiana 47401 Table of Contents Page Introduction 1 BIBLIOGRAPHY 1.Theory of Human Capital 7 /.Textbooks 9 3.Collected Readings 10 4.The Political Economy of Education and Broad SocialConcerns 12 5.Consuming the Product: The Price of Education, Enrollment, and the Demand for Educational Services 17 6.Producing Educational Services: The Supply Side of theMarket: A.Salaries 19 B.Relationships Between the Quality of Education and the Costs of Producing It 20 C.Technology in Instruction 24 7.Finance: A.The Role of Federal, State, and Local Governments 25 B.Financing Primary and Secondary Schools 29 C.Financing Institutions of Higher Learning 32 D.Fellowships and Loans for Students 35 8.Measuring the Supply of and Demand for SpecializedManpower 36 9.The Role of Formal Educational Institutions,Governmental Agencies, and Private Industry in Training SpecializedManpower 40 10.The Payoff to investment in Education: A.Individuals' Income, Occupation, and Education 44 B.Social Returns, External Benefits, and EconomicGrowth 46 11.Bibliographies 49 12.Articles Reviewing Important Portions of theLiterature: A.Reviews of Single Items 50 B.Reviews of Bodies of Literature 52 13.Miscellaneous 52 Index 54 Introduction 1.Background This bibliography owes its existence to activities which Phi Delta Kappa initated in Juty, 1964. At that time it created a seven-member Commissionon Education, Manpower, and Economic Growth to counsel it about and undertake projects related to the economics of education. The full Commission, in itsturn, asked us to prepare this bibliography. We started work in August, 1964, and stopped early in 1966. "Stopped" in this context is more appropriate than "finished," since, as anyone who has ever attempted such work can appreciate,a bibliography is never absolutely complete. The broad area which this bibliography covers is the economics of education, especially American education. For those who are just now discovering this field, it may be worthwhile to describequite brieflyits raison d'êtreas well as its subject matter. The economics of education has attracted attention for at least three major and semi-related reasons. First, an enormous volume of resources has recently been devoted to education, not only in America, but in other nationsas well; the question naturally arose as to whether these funds were being spentas pro- ductively as possible. Second, it was learned that America's economic growth cannot be explained simply in terms of the conventional factors of production, land, labor, and physical capital. Some ingredient seemed to be missing. Could it be, some wondered, a different kind of capital, human capital, and might educational institutions not be its major producer? Finally, some scholarswere beginning to ask questions about the determinants of relative earnings. Whyare some people's incomes high and others' low? Variation in educational attain- ment seemed to explain an impressively large proportion of variation in earn- ings. From the individual's point of view, education seemed to be quite profitable. These initial observations and findings prompted new questions. How valid is the concept of human capital and with what degree of precision shouldwe try to measure it? Is America over- or under-investing in formal education? What proportion of the costs of their higher education should students and their families be required to pay? If they need to borrow, should they do so in the private capital markets or should government provide special low-interest loans? Can education benefit from new technology and capital-intensive methods of production? Is the supply of teachers highly sensitive to salary? Is increasing the student-faculty ratio an acceptable way of economizing in education? What is the government's role, as distinct from private enterprise's, in training workers? How are the benefits of education distributed between society LS a whole and the individuals who receive the service? This list is hardly exhaustive, but it should be suggestive. Itis attempts to answer these and related questions which constitute the economics of education. It is these concerns which are the subject matter of the literature we have cited. 1 2.The Bibliography The purpose of this bibliography is at least threefold:to introduce to the literature those who have some interest in, butas yet no direct contact with, the economics of education; to help people who eitherare, or may soon be, teaching in the field, to construct reading lists; andto provide scholars in this area with material which may not yet have attracted their attention. Designing a bibliography appropriate to the needs ofso diverse an audience is not easy. We devoted careful attention to the task of deciding whatto include. The final decision is, inevitably, somewhat arbitrary butnot, we hope, simply random. For the most part we limited citations to books and articles aboutthe econom- ics of American education. But thereare a number of important exceptions; we did include truly major works concerning other parts of the world. In general, however, anyone interested in the economics of education inWestern Europe, Communist nations, or the underdeveloped countries is well adv isedto consult other bibliographies, some of whichare listed in section eleven. As a result of our focus upon America, all of the literature we cite is in English. Moreover, most of it is of recent vintage. We list a few items from before World WarII, but the vast majority of what we cite has been published since1950, and even the majority since 1960. The content of the items we did include is somewhatmore difficult to describe. We drew the line at, and excluded, highly technical and mathematicallysophis- ticated material. This decision is most visible in the section entitled"Social Re- turns, External Benefits, and Economic Growth." In perusing this sectionan econometrician might conclude thatwe omitted important articlessome, for example, on the production functionand perhaps from his point ofview we did. The omission is deliberate, however, andwe think that the loss to our intended audience, if it exists at all, will be slight. Another kind of material which, moreor less, we omitted is collections of data and articles on the methodology of collecting data. Forexample, we have cited very little of the voluminous output from the NationalEducation Asso- ciation's Rcsearch Division. And we have excluded,as well, a large majority of the United States Office of Education's publications,e.g., the annual Digest of Educational Statistics. Our rationale for not citing such materialis that it is well known to scholars and of little immediateconcern to others. In the area of finance we
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